Moorcrofts LLP has advised Hive Ventures Limited (“The Hive”) on the sale of the controlling interest of shares in the capital of The Hive, from the Johnson family to Neil Clark. The Hive is a collection of companies operating in…
Earlier this month, the Government published research on a number of Tax Advantaged Share Schemes (TASS) for employees. The research was undertaken between August and October 2019, with a total number of 83 interviews conducted around a number of TASS,…
In July 2020, Rishi Sunak asked the Office of Tax Simplification to carry out a review of capital gains tax (“CGT”), and this has led to rumours circulating in the UK press that the Chancellor will announce changes to the…
The criteria for businesses to become eligible for the Coronavirus Business Interruption Loan Scheme (CBILS) has been expanded allowing with immediate effect, small and struggling businesses to apply for lending under the CBILS. Previously, the criteria required applicants to be…
Corporate Law Firm, Moorcrofts is launching its own legal podcast – Moorcrofts Means Business, which will see its partners and highly regarded lawyers, as well as a range of industry leaders discuss legal topics to help companies run their businesses…
Special categories data in M&A transactions The use, handling and transfer of personal data in M&A transactions has become an increasingly important aspect of the deal management process, given both the volume and value of M&A in the UK (according…
The introduction of the furlough scheme brought uncertainty for employers who had granted employee management incentive (EMI) options to their employees. An EMI option is a type of employee share scheme that enjoys favourable tax treatment. These schemes are often…
In our blog post on the 4 May, we provided an overview of the Future Fund loan scheme for UK limited companies, which was based on the initial guidance published by the Government on 20 April this year. Since then, the…
“Bounce Back Loan” Scheme to Assist Struggling SMEs The Government has announced lending assistance in the form of the “Bounce Back Loan Scheme” intended to help small and medium-sized businesses affected by the Covid-19 pandemic to borrow between £2,000 and…
Relaxing the insolvency laws The UK Government has announced that it will introduce new measures to support businesses under pressure as a result of the coronavirus outbreak. The Business Secretary, Alok Sharma, announced plans to make changes to enable UK…
Businesses across the UK and the globe are facing an unprecedent situation because of Covid-19 and we wanted to provide an update for all our clients and colleagues on what this means for you, and how we can continue to…
Rishni Sunak, the Chancellor, today announced a number of measures, he says, to support the UK economy both long term and in light of the Coronavirus outbreak. However, what industry advisers were keeping their eyes on, was the announcement of…